Paying Off a Credit Card

Although Americans have reduced their personal debt levels in recent years, some credit card balances remain high. Additional monthly payments may make a difference and accelerate the payoff of your outstanding credit card debt.

Credit Card or Loan Information

Current credit card balance ($)

Annual percentage rate (0% to 40%)

Proposed additional monthly payment ($)

Assumptions

Minimum payment percentage (0% to 10%)

Minimum payment amount ($)

Skip December payment when offered?

Desired table display

This is a hypothetical example used for illustrative purposes only. Actual results will vary.